15 Best Shopify Payment Gateways in 2024

Are you looking forward to building your own eCommerce store on Shopify? Well, then this article will be of great help to you.

Here, we will be discussing one of the most important aspects of running an eCommerce store, i.e., payment gateways.

Selecting the right payment gateway is a crucial decision for any business. Let’s begin by understanding what Shopify payment gateways are, how they work, and a list of the best Shopify payment methods.

What are Shopify Payment Gateways?

Shopify Payment Gateways are the payment solutions that allow your customers to make payments on Shopify whenever they purchase any product. These payment gateways ensure that you receive the transaction amount in a convenient and secure way.

This process starts when a customer initiates a transaction for buying a product on your Shopify store. Then the gateway further sends confidential information of the buyer to his/her bank that is being used to make the purchase. Next, the bank reverts to the gateway with a response of a successful or a failed payment.

How Does Shopify Payment Gateways Work?

Payment processing in Shopify works on a backend phenomenon called ‘Stripe Processing System’.

In this, all your payments are processed in real-time and reflected on Shopify’s dashboard itself. This allows you to look at the status of your payments on Shopify’s dashboard without logging into an external platform like Braintree or Authorize.net.

After checking the initiated payment for fraud, Shopify Payment provider deposits the payment into the seller’s account in a few working days, majorly depending on the country. For instance, in the US, the transfer takes about 2 days, whereas, in Sweden, it takes about 4 business days.

However, if the payment transfer takes longer than usual, we recommend you address and report the issue on time. This enables you to avoid payment delays or fraud.

What Makes an Ideal Shopify Payment Gateway?

The selection of a Shopify payment method is a crucial decision for you to make, and you really don’t want to miss any important points. Make sure you add the below factors to your checklist while looking for a Shopify payment gateway.

• Your Type of Business: Before selecting the payment method for Shopify, decide on the terms of sales and in what currency you are willing to accept payments.

• Accepted Cards: To make payment options easy for your customers, ensure that your Shopify payment provider accepts all the popular types of cards. Some popular options include VISA, RuPay, MasterCard, and American Express.

• Target Market: While selecting a payment provider for Shopify, make sure to check their availability in the geographical area of your target market. For example, PayPal is not available in countries like Iran, Afghanistan, or Bangladesh.

• Security: To keep yourself and your customers secure, choose a Shopify payment method that offers a secure transaction experience with robust fraud detection features.

• User Shopping Experience: Smooth, secure, and seamless payments play an integral part in enhancing the shopping experience for your customers. A pleasant experience on your platform will ensure customer retention and repeat orders.

• Transaction Cost: The cost per transaction or annual fees charged by a Shopify payment app is an important factor to consider while choosing one. On this basis, you will decide your selling price and profit margins. You must also consider settlement, chargeback, statement, cancellation, anticipation, and any annual fees.

Suggested Read: Difference Between Payment Gateway vs Payment Processor

15 Best Shopify Payment Gateways List of 2024

• Shopify Payments – Supports simple credit card processing
• Stripe – Supports online businesses with secure payment processing
• PayPal – Best for setting up a merchant account
• WorldPay – Ideal for merchant payment processing
• Amazon Pay – Makes checkout super-fast and secure
• Authorize.Net – Accepts payments globally
• Skrill – Online wallet for payment & money transfer
• Verifone – A simple & secure medium for Shopify payments
• Klarna – Ensures interest free payments
• Square – Online payment gateway with feature for free online store
• Braintree – Helps sellers reach more customers & increase conversion
• 2Checkout – Online payment processing anytime, anywhere
• Adyen – Helping businesses grow with faster & secure payments
• Cashfree Payments – A good option for newbies in E-Commerce Industries
• Razorpay – Best Shopify Payment Gateway in India

Let’s explore some of the best Shopify payment gateways available in India.

• Shopify Payments

You can check out Shopify’s payment gateway– Shopify itself offers a payment gateway, which is available on its website directly. Shopify Payments India allows you to set up a payment system within the Shopify store itself which is quite convenient for businesses to use.

Features of Shopify Payments India

• Shopify Payments has the ‘no transaction fee’ rule in most countries.
• You can begin to accept payments instantly without going through any long process of third-party integration. Just simply turn the option in your Shopify account.
• This Shopify payment method enables convenient checkouts by accepting local currencies and popular payment methods.
• It supports 3D secured checkouts, PCI-compliant servers, and data encryption to keep your transactions safe.
• It allows you to track your payments and orders all in one place.

Pros and Cons of Shopify Payments

Pricing of Shopify Payments: Shopify payment gateway charges between 2.4% and 2.9% plus $0.30 in processing fees, depending on your subscription plan.

Country Wise Popularity for Shopify Payments: China, United States, France, Australia.

• Stripe

Stripe Payment Gateway is a Shopify payment provider that is suitable for all types and sizes of businesses, starting from startups to huge enterprises.

Stripe payment systems work on machine learning models that help businesses increase their revenue and conversions. Its continuously improving features ensure that your transactions are fraud-free.

Features of Stripe, one of the best payment gateways for Shopify

• This payment provider offers quick integration with REST API in just 10 minutes.
• This Shopify payment app accepts payments through all mediums like cards, wallets, bank transfers, buy now pay later, etc.
• Stripe offers real-time fraud insights with SAFE and TC40s fraud reporting and fraud prevention based on machine learning.
• It provides 24*7 phone, chat, and email support to its users.
• This payment gateway provides revenue recognition, financial reporting, and consolidated reports to simplify accounting for you.

Pros and Cons of Stripe

Pricing of Stripe Payments: Stripe offers a pay-as-you-go policy. It charges 2% for Indian cards, and 3% for cards from outside India.

Country Wise Popularity for Stripe: Australia, Canada, India, Belgium

• PayPal

PayPal Payment Processor is one of the popular and trusted mediums for conducting global transactions. Using PayPal, you can deal in 100+ different currencies in 200+ markets across the globe.

To ensure customer loyalty, PayPal provides a hassle-free checkout experience with PayPal for accepting online payment methods that are also locally relevant.

Features of PayPal, (The Best Payment Gateway for Shopify India)

• Increase your reach with the most trusted payment gateway brand with 400+ million active users across the globe.
• PayPal offers scalable tools as your business grows
• This gateway also assists you in creating an effective payment strategy for your business with its valuable insights.
• It keeps your online business transactions safe even in cross-border commerce.

Pros and Cons of PayPal

Pricing of PayPal: PayPal charges different fees for commercial transactions in different countries. In India, it costs ₹3 INR per transaction. Moreover, it charges around 3 to 4 percent of the transaction value, according to the currency.

Country Wise Popularity for PayPal: Germany, United Kingdom, USA

• WorldPay

WorldPay payment gateway allows your business on Shopify to accept payments in more than 120 currencies. It simplifies order and accounts management with features like webhooks, order management, and real-time alerts.

Features of WorldPay

• On WorldPay’s live dashboard, you can see your orders and payments status in real-time.
• You can easily arrange your recurring payments in case of subscriptions.
• This payment gateway just takes a few minutes to integrate, and in less than 24 hours, the payment system will be live.
• Its risk management feature notifies you if any transaction is found suspicious.

Pros and Cons of WorldPay

Pricing of WorldPay: WorldPay, India Shopify payment gateway payment provider’s pricing plan is available on request.

Country Wise Popularity for WorldPay: United Kingdom, USA, Hong Kong, Singapore

• Amazon Pay

Shopify is one of the premier partners for Amazon Pay. The Shopify payment provider, Amazon Pay is available in more than 170 countries and claims to process transactions 49% faster as compared to your regular checkouts.

Features of Amazon Pay

• It provides dedicated technical and accounts support to address all your queries and concerns.
• Its fast integration reduces your costs and development efforts with omnichannel APIs.
• This payment method makes it easy to process subscriptions, recurring payments, or future payments.
• The payment gateway also keeps a check on fraudulent transactions with its top-notch technology used for Amazon’s eCommerce platform.

Pros and Cons of Amazon Pay

Pricing of Amazon Pay: Amazon Pay charges 1.95% plus taxes as the processing fee.

Country Wise Popularity of Amazon Pay: USA, Japan, Spain, Germany

Suggested Read: What are eCommerce Payment Systems in India: Types, Examples & Advantages

• Authorize.Net

Authorize.Net, as a popular Shopify payment provider, allows you to accept payments anywhere, anytime. It focuses on simplifying transactions for both businesses and customers while enhancing your checkout experience.

This Shopify payment app enhances repetitive customers’ shopping experience with smooth processing of instalment and recurring payments.

Features of Authorize.Net

• Authorize.Net can help you generate and send customized digital invoices through emails.
• The Shopify payment method provides award-winning 24*7 technical support through human executives.
• With Customer Information Manager, customers no longer need to re-enter their information every time they make a purchase.
• Enables an easy checkout with a ‘Buy Now’ or ‘Donate Now’ button.

Pros and Cons of Authorize.Net

Pricing of Authorize.Net: Authorize.Net offers two plans, Payment Gateway Only and an All-in-One option. Payment Gateway Only charges a monthly fee of $25, a per-transaction fee of $0.01, and daily batch fee of $0.01. However, the All-in-One plan charges a monthly fee of $25 and a per-transaction percentage of 2.9% + 0.03$.

• Skrill

Skrill, a Shopify payment provider, offers a multi-currency account that enables your business to do transactions in 40+ currencies. Skrill offers a PCI-compliant payment gateway that ensures high standards for risk and fraud management. In addition, Skrill’s world-class technical support reaches you in your preferred language, no matter wherever you are.

Features of Skrill Payment Method

• With one contract and one API, you can quickly add Skrill to your business’ checkout page and get started with your payment system.
• With Skrill, your customers can make frictionless repeated payments with just 1-Tap.
• It accepts and supports payments in all possible mediums like cards, digital wallets, and bank transfers within a network of 3000+ banks.
• Provides competitive transaction fees and rates.

Pros and Cons of Skrill

Pricing of Skrill: For local and global payment transfers, Skrill charges a transaction fee of 2.50%.

Country Wise Popularity of Skrill: USA, Australia, Germany, Ireland

• Verifone

Formerly known as 2Chekout, Verifone accepts all major types of advanced payment methods for eCommerce. This Shopify payment provider has successfully made transactions of more than $440 Billion through its global payment gateway globally. Verifone also assists you in generating reports for data-driven decision-making.

Features of Verifone

• Verifone’s device management feature enables you to monitor and manage all your payment devices using one dashboard.
• Its device diagnostics feature will alert you through notification whenever any suspicious activity is detected.
• This Shopify payment gateway provides a high-speed and connected platform that unifies all your payment channels.
• It ensures safe payments with encrypted platforms, bank-grade security, and PCI compliance.

Pros and Cons of Verifone

Pricing of Verifone: Verifone offers 3 paid plans, 2SELL, 2SUBSCRIBE, 2MONETIZE that charge 3.5% + $0.35, 4.5% + $0.45, and 6.0% + $0.60 per successful transaction.

Country Wise Popularity of Verifone: Europe, Austria, Denmark, United Kingdom

• Klarna

Klarna, Shopify payment provider, is considered a market leader in the category of ‘Buy Now, Pay Later’ services. Along with offering a set of modern payment methods, Klarna ensures smooth checkout focuses on enhancing the customer’s shopping experience.

Features of Klarna

• Klarna offers complete 360-degree support with dedicated marketing, product, and analytics team.
• This gateway provides seamless and smooth payment checkout options to enhance your customer’s shopping experience.
• It offers a scalable payment gateway that meets both global and local compliance standards.
• It allows your customers to pay in installments as well.

Pros and Cons of Klarna

Pricing of Klarna: Pricing available on request at the official website.

Country Wise Popularity of Klarna: Australia, Canada, United Kingdom, USA

• Square

Square allows you to receive payments from your online as well as offline stores. Being PCI compliant, Square payment provider offers robust dispute management and fraud prevention.

It also offers a complete suite of business solutions that can manage orders, teams, inventory, product catalog, etc., using API.

Features of Square (Payment Gateway Shopify India):

• Square allows you to share payment links on texts, or emails.
• The payment method charges no fees for chargebacks or refunds.
• Customers have the convenience of paying through Google Pay, Apple Pay, or any other Cash App Pay.
• It provides you with insights related to fraud patterns and alerts that help you in managing risks.

Pros and Cons of Square

Pricing of Square: Square charges a fee of 2.9% + ₹2, 279.87 on card payments or 1% with a minimum of $1 per transaction on the invoice for ACH bank transfers.

Country Wise Popularity of Square: USA, Canada, Japan, Australia

• Braintree

Braintree, which was acquired by PayPal in 2013, offers you a blend of innovation, experience, and scalability. The PayPal network of 130+ currencies and 45+ countries allow you to expand and tap onto newer markets. Braintree’s modern payments experience helps you boost your sales and boost your conversion rates.

Features of Braintree

• Braintree ensures that your payment data remains secure.
• With Braintree you can accept global payments through PayPal, cards, and Venmo (only in the US).
• It keeps your transactions safe with 3D Secure 2 factor authentication.
• With Braintree, your customer’s data is safe due to its ‘no prohibited data storage’ policy.

Pros and Cons of Braintree

Pricing of Braintree: Braintree charges a percentage of 2.59% and $0.49 per transaction for digital wallets and card payments.

Country Wise Popularity of Braintree: Canada, USA, Singapore, China

Suggested Read: List of Best International Payment Gateways in India | Shopify Alternatives

• Adyen

Adyen offers end-to-end payment solutions and helps you in the financial management of your business. In addition, it enables you to receive global payments and increase your customer base while expanding your business.

Features of Adyen

• Adyen allows you to manage and respond to frauds without harming your significant transactions.
• This Shopify payment provider enables you to manage your payments across online and offline stores.
• With this Shopify payment app, you tend to make more insightful decisions with the power of machine learning.

Pros and Cons Adyen

Pricing of Adyen: Adyen charges a processing fee of $0.12 per transaction with different payment method charges for different mediums.

Country Wise Popularity of Adyen: USA, Brazil, Australia, Canada

• Razorpay

Razorpay is a leading payment gateway for Shopify, known for its seamless integration and robust features. It offers multiple payment options, advanced fraud prevention, and excellent customer support.

Moreover, Razorpay is the only payment system in India that allows businesses to accept, handle, and distribute payments. It accepts all forms of payments, such as credit cards, debit cards, net banking, UPI, and popular digital wallets.

Features of Razorpay, (India Payment Gateway Shopify):

• International Payment / Credit Card Support: Razorpay supports international payments and credit cards.
• Customer Support: Razorpay offers 24×7 customer support through chat and IVR (Interactive Voice Response).
• Compliance: Razorpay is PCI DSS Level 1 compliant, ensuring the highest level of security for handling payment data and protecting customers’ sensitive information.
• Mobile SDK: Razorpay provides powerful and lightweight mobile software development kits (SDKs) for both Android and iOS platforms, making it easy for businesses to integrate payment functionality into their mobile apps seamlessly.

Pros and Cons of Razorpay

Pricing of Razorpay: Razorpay’s pricing is simple and transparent, starting at just 2% on all transactions as platform fees, with an additional 18% GST. There are no set-up fees or annual maintenance fees, making it cost-effective for businesses to start accepting payments.

Country Wise Popularity of Razorpay: India

• Cashfree

Cashfree is a popular payment gateway for Shopify that makes it easy for online businesses to process transactions. It offers a range of secure payment options, including credit cards, debit cards, net banking, and digital wallets.

Cashfree also allows international payments, so you can reach customers all over the world. With its user-friendly interface and competitive pricing, Cashfree is an excellent choice for Shopify merchants looking to improve their e-commerce operations.

Features of Cashfree

• UPI Payment Gateway: With 15+ UPI integrations, Cashfree enables seamless and widespread acceptance of UPI payments, a popular method in India.
• Instant Settlements: Cashfree offers lightning-fast settlement of payments, with settlement occurring within just 15 minutes through their payment gateway.
• BNPL Plus: Cashfree’s Buy Now, Pay Later (BNPL) Plus feature helps reduce customer drop offs by 30% by providing attractive offers, EMI options, and Pay Later choices.
• Token Vault: Cashfree’s Token Vault feature helps securely store and manage payment tokens, ensuring smooth and secure recurring payments for your customers.
• Instant Refunds: Cashfree facilitates instant refunds to customers, enhancing their experience and reducing the hassle associated with refund processes.

Pros and Cons of Cashfree Payments

Cashfree Payments Pricing: Cashfree charges a flat 1.95% platform fee.

Country Wise Popularity of Cashfree: India, USA, Canada, UAE

---

Compare Top 5 Payment Gateway for Shopify

Below is the comparison table of the best payment gateway solutions for Shopify:

Payment Gateway	Transaction Fees	Payment Methods Supported	Payout Time	Set up Fees	Multi-currency support	Mobile Support
Razorpay	2% on every transaction	Credit/Debit Cards, Net Banking, UPI	2-3 business days	No	Yes	Yes
PayPal	3-4% of transaction value	Credit/Debit Cards, PayPal Balance	3-7 business days	No	Yes	Yes
Skrill	transaction fee of 2.50%	Credit/Debit Cards, Skrill Balance	2-5 business days	N0	Yes	Yes
Stripe	2% for Indian cards, and 3% for cards from outside India	Credit/Debit Cards	2-7 business days	No	Yes	Yes
Shopify Payments	2.4% and 2.9%	Credit/Debit Cards, Digital Wallets	2-4 business days	No	Yes	Yes

To Conclude

You have multiple Shopify payment gateways option available out there. But before selecting one, be aware of your geographical target market to select the most suitable for your nature of business. Also, we highly recommend going through their security licenses and some reviews as well.

FAQs

Related Categories: Payment Gateway | Order Management Software | Dropshipping Software